Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 316 contracts
Samples: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2005-Wl1 Asset-Backed Certificates, Series 2005-Wl1), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust, Series 2005-Opt4), Pooling and Servicing Agreement (Carrington Mortgage Loan Trust 2005-Nc2)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee and the Securities Administrator shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee Securities Administrator does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee Securities Administrator shall indicate the amount withheld to such Certificateholders.
Appears in 65 contracts
Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Fm2), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Asl1), Pooling and Servicing Agreement (SG Mortgage Securities Trust 2005-Opt1)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount on the Mortgage Loans, that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold withholds any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld shall, together with its monthly report to such CertificateholdersCertificateholders pursuant to Section 4.02 hereof, indicate such amount withheld.
Appears in 49 contracts
Samples: Pooling and Servicing Agreement (Impac Secured Assets Trust 2007-3), Pooling and Servicing Agreement (Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-2), Pooling and Servicing Agreement (Impac Secured Assets Trust 2007-3)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee and the Securities Administrator shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee and the Securities Administrator reasonably believes believe are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee Securities Administrator does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee Securities Administrator shall indicate the amount withheld to such Certificateholders.
Appears in 33 contracts
Samples: Pooling and Servicing Agreement (Deutsche Mortgage Securities Inc), Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-Ar1), Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 11 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-Ch3), Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-Ch4), Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-He1)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of Certificateholders, including interest or original issue discount payments or advances thereof that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such CertificateholdersCertificateholder pursuant to the terms of such requirements.
Appears in 9 contracts
Samples: Trust Agreement (RALI Series 2005-Qr1 Trust), Trust Agreement (RALI Series 2008-QR1Trust), Trust Agreement (Stanwich Asset Acceptance CO LLC)
Compliance with Withholding Requirements. Notwithstanding any other provision of this AgreementAgreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting with respect to payments to Certificateholders of interest or interest, original issue discount discount, or other amounts that the Trustee reasonably believes are applicable subject to such requirements under the Code. The consent of Certificateholders shall not be required for any such withholding. In the event the Trustee does withhold withholds any amount from interest or original issue discount payments or advances thereof made to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate to such Certificateholder the amount withheld to such Certificateholderswithheld.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc Com Mort Ps THR Cer Se 1998-Cf1)
Compliance with Withholding Requirements. (a) ---------------------------------------- Notwithstanding any other provision of this AgreementTrust Agreement to the contrary, the Trustee shall comply with all federal Federal withholding requirements respecting payments distributions to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 5 contracts
Samples: Series Supplement (Lehman Abs Corp), Trust Agreement (Db Depositor Inc), Series Supplement Bond Backed Certificates (Lehman Abs Corp)
Compliance with Withholding Requirements. Notwithstanding any other provision of this AgreementAgreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting with respect to payments to Certificateholders of interest or interest, original issue discount discount, or other amounts that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for any such withholdingwithholding and any amount so withheld shall be regarded as distributed to the related Certificateholders for purposes of this Agreement. In the event the Trustee does withhold withholds any amount from interest or original issue discount payments or advances thereof made to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate to such Certificateholder the amount withheld to such Certificateholderswithheld.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital 1 Inc Series 2000-Prin), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Trust 2001-PPM), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
Compliance with Withholding Requirements. (a) ---------------------------------------- Notwithstanding any other provision of this AgreementTrust Agreement to the contrary, the Trustee shall comply with all federal Federal withholding requirements respecting payments distributions to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 5 contracts
Samples: Series Supplement (Elmwood Funding LTD), Series Supplement (Elmwood Funding LTD), Trust Agreement (Elmwood Funding LTD)
Compliance with Withholding Requirements. Notwithstanding any other provision provisions of this Agreement, the Trustee shall comply with all federal withholding requirements respecting with respect to payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the CodeCertificateholders. The consent of Certificateholders shall not be required for any such withholding. In the event the Trustee does withhold withholds any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding withholdings requirements, the Trustee shall indicate to such Certificateholder the amount withheld to such Certificateholdersso withheld.
Appears in 3 contracts
Samples: Trust Agreement (Eqcc Asset Backed Corp), Trust Agreement (DLJ Mortgage Acceptance Corp), Trust Agreement (Eqcc Asset Backed Corp)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting with respect to payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for any such withholding. In the event the Trustee does withhold withholds any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such CertificateholdersCertificateholder.
Appears in 3 contracts
Samples: Trust Agreement (Solomon Bros Mort Securities Vii Trust Cert Series 1999 1), Trust Agreement (Salomon Brothers Mort Sec Vii Inc Trust Cert Series 1996-4), Trust Agreement (Salomon Brothers Mortgage Securities Vii Inc)
Compliance with Withholding Requirements. Notwithstanding any other provision of this AgreementAgreement to the contrary, the Trustee shall comply with all federal Federal income tax withholding requirements respecting payments to distributions to, or receipts of amounts on behalf of, Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances principal distribution thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate in the statement required pursuant to Section 3.07 the amount withheld to such Certificateholdersso withheld.
Appears in 3 contracts
Samples: Deposit Trust Agreement (Goldman Sachs Asset Backed Securities Corp), Trust Agreement (Ace Securities Corp), Deposit Trust Agreement (Gs Mortgage Securities Corp)
Compliance with Withholding Requirements. Notwithstanding any other provision provisions of this Agreement, the Trustee Trustee, as paying agent for and on behalf of, and at the direction of the Servicer, shall comply with all federal withholding requirements respecting payments (or advances thereof) to Certificateholders as may be applicable to instruments constituting indebtedness for federal income tax purposes. Any amounts so withheld shall be treated as having been paid to the related Certificateholder for all purposes of interest or original issue discount that this Agreement. In no event shall the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such any withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Sierra Receivables Ii Inc), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc), Pooling and Servicing Agreement (United Panam Financial Corp)
Compliance with Withholding Requirements. 91- Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Asset Bk Fl Rte Ce Se 1996 Lb3)
Compliance with Withholding Requirements. Notwithstanding any other provision of this AgreementAgreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting with respect to payments to Certificateholders of interest or interest, original issue discount discount, or other amounts that the Trustee reasonably believes are applicable subject to tax withholding under the Code. The consent of Certificateholders shall not be required for any such withholding. In the event the Trustee does withhold withholds any amount from interest or original issue discount payments or advances thereof made to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate to such Certificateholder the amount withheld to such Certificateholderswithheld.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc)
Compliance with Withholding Requirements. Notwithstanding any other provision of this AgreementAgreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting with respect to payments to Certificateholders of interest or interest, original issue discount discount, or other amounts that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for any such withholding. In the event the Trustee does withhold withholds any amount from interest or original issue discount payments or advances thereof made to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate to such Certificateholder the amount withheld to such Certificateholderswithheld.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Indenture Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders Noteholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders Noteholders shall not be required for such withholding. In the event the Indenture Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder Noteholder pursuant to federal withholding requirements, the Indenture Trustee shall indicate the amount withheld to such CertificateholdersNoteholders.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any 118 Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Argent Securities Inc Assset Back Pass THR Certs Ser 2003-W5)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original 115 issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Sec Inc Asset Backed Thru Cer Ser 2002-5)
Compliance with Withholding Requirements. Notwithstanding any other provision of this AgreementAgreement to the contrary, the Trustee shall comply with all federal Federal withholding requirements respecting payments distributions to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments distributions or advances Advances thereof to any Certificateholder pursuant to federal Federal withholding requirements, the Trustee shall indicate in the statement required pursuant to Section 4.02 the amount withheld to such Certificateholdersso withheld.
Appears in 1 contract
Compliance with Withholding Requirements. 90 Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)
Compliance with Withholding Requirements. 95- Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Asset Backed Cert 1996-Lb2)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.. 121
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Long Beach Loan 2003-2)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The 116 consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee and the Securities Administrator shall comply with all federal withholding requirements respecting 141 payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee Securities Administrator does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee Securities Administrator shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ACE Securities Corp Home Equity Series 2005-He1)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.. 143
Appears in 1 contract
Compliance with Withholding Requirements. Notwithstanding any other provision of this AgreementAgreement to the contrary, the Trustee shall comply with all federal Federal withholding requirements respecting payments distributions to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments distributions or advances Advances thereof to any Certificateholder pursuant to federal Federal withholding requirements, the Trustee shall indicate in the statement required pursuant to Section 4.2 the amount withheld to such Certificateholdersso withheld.
Appears in 1 contract
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any 104 Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting with respect to payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for any such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Trust and Servicing Agreement (Hospitality Properties Trust)
Compliance with Withholding Requirements. Notwithstanding any other provision provisions of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments with respect to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Codedistributions to Certificateholders. The consent of Certificateholders shall not be required for any such withholding, except that no withholding shall be made to the extent that a Certificateholder presents to the Trustee a form evidencing entitlement to elimination or reduction of such withholding. In the event the Trustee does withhold withholds any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding withholdings requirements, the Trustee shall indicate to such Certificateholder the amount withheld to such Certificateholdersso withheld.
Appears in 1 contract
Samples: Trust Agreement (CWMBS Inc)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any 120 Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset Backed Pass THR Cert Ser 2003-W8)
Compliance with Withholding Requirements. Notwithstanding any other provision provisions of this the Trust Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount on the Securities that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances Advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate with any payment to such Certificateholders the amount withheld to such Certificateholderswithheld.
Appears in 1 contract
Samples: Trust Agreement (National Financial Securities Corp)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.. 119
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Series 2005-R1)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee and the Securities Administrator shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event that the Trustee Securities Administrator does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee Securities Administrator shall indicate the amount withheld to such Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Peoples Choice Home Loan Securities Corp)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount on the Mortgage Loans, that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.the
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp)
